The House of People's Representatives July 5, 2011 yesterday approved 118 billion birr budget for the 2011/2012 fiscal year. The budget approved yesterday is greater by 30 billion birr than the budget for the 2010/11 fiscal year.
Prime Minister Meles Zenawi said that the budget was prepared based the country's interest and capacity.
The House of Peoples' Representatives yesterday authorised the National Payment System bill drafted by the Budgetary and Financial Affairs Standing Committee.
The bill was endorsed taking into consideration the significance of legal framework supporting the payment system in the country.
Paron Trading signed an agreement with the Industrial Parks Development Corporation (IPDC) to enter Bahir Dar Industrial Park.
Paron Trading is a local company which is in the sector of agro processing. It will invest Birr 500 million in the park on the 2 hectares of developed land it received from the Corporation. It is also expected to create employment opportunities for 1000 individuals.
Bahir Dar Industrial Park is situated on 75 hectares of land in Bahir Dar city which is 560 km from Addis Ababa. It became operational in 2020.
Source (including image): IPDC
An independent preliminary economic assessment of Allana Potash gave the assent an after-tax net present value of 1.85 billion US 
dollars and a 36.8% internal rate of return.
The PEA stated that a one million ton per annum mine at the Dankil project will cost 796 million US dollars to build.
The capital cost figure makes the projects the lowest cost and possibly the highest return potash project in the world according to Farhad Abasov CEO of Allana.
Pepsi Co, INC. and USAID are collaborating in a 10 million US dollars effort to supply locally manufactured nutritional ready to use Supplementary food products (RUSF) to combat malnourishment in children in Ethiopia.
The Memorandum of Understanding between the Ministry of Agriculture, the Ministry of Health, the Agricultural Transformation Agency, Pepsi Co., the WFP and USAID was signed in early May.
The partnership named Enterprise EthioPea is targeted to aid 10,000 farmers in Ethiopia to increase chickpea yields to produce a local based product that can feed 40,000 children.
